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Pall Corporation (PLL) Announces Quarterly Results, EPS $1.64
Tuesday, September 15, 2009 - 8:26am | 100Pall Corporation (NYSE: PLL) announced financial results for the fourth quarter and fiscal year ended July 31, 2009. Sales and net earnings for the year were $2.3B and $195.6M respectively. Diluted earnings per share (EPS) were $1.64, compared to $1.76 a year earlier. Pro forma EPS were $1.77...
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Fund Performance Period 9
Monday, September 14, 2009 - 3:49pm | 2767As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund...
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27.5M Public Share Offer from Muller Water Products(MWA)
Monday, September 14, 2009 - 10:27am | 71Mueller Water Products, Inc. (NYSE:MWA) announced issue of 27.5M shares. Mueller Water Products (MWA) is a leading North American manufacturer and marketer of infrastructure and flow control products for use in water distribution networks and treatment facilities. Mueller intends to use all of...
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Punitive Tariffs Are On Americans, NOT the Chinese
Friday, September 11, 2009 - 10:50pm | 177WASHINGTON (AP) -- President Barack Obama has slapped punitive tariffs on all car and light truck tires entering the United States from China in a decision that could anger the strategically important Asian powerhouse but placate union supporters important to his health care push at home. The...
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Dynavax makes 52- Week high after FDA Removes Clinical Hold on HEPLISAVTM Phase 3 Hepatitis B Vaccine
Thursday, September 10, 2009 - 11:14am | 147Shares of Dynavax Technologies Corporation (NASDAQ: DVAX) soared $1.05 or 60.57% to $2.80 on volume of 15.76 million shares more than 15.50X than its daily total average volume on the news that the U.S. Food and Drug Administration (FDA) has removed the clinical hold for the HEPLISAVTM...
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Soft Consumer Spending? Not At Outlet Store in MN
Thursday, September 10, 2009 - 10:04am | 221B125251848881396401.html">WSJ/WASHINGTON -- The U.S. economy continued to stabilize in July and August, but soft consumer spending amid a weak job market suggested that recovery will remain subdued. Consumer spending drives much of the economy. People are afraid to spend much because they have...
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Karen Finerman Evaluates Ingersoll Rand (IR)
Tuesday, September 8, 2009 - 6:58pm | 103CNBC’s Fast Money Karen Finerman has put Ingersoll Rand (NYSE: IR) on her radar, but is not a buyer yet. She thinks that Ingersoll’s (IR) last year purchase of the Trane HVAC business was made at worst possible time because they became dependent on commercial construction, which was a reason for...
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Some Interesting Reads
Tuesday, September 8, 2009 - 2:07pm | 2136I was looking at today's post on The Kirk Report (actually a website I was reading many a year ago, so it is great that FMMF has become one of his favorite reads) and there were a couple of fascinating links today. First at Slope of Hope, Tim Knight talks about the "True Middle Class"; it is a...
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US Listed Chinese Bio-Tech firms Soar in Market
Tuesday, September 8, 2009 - 10:00am | 216Sinovac Biotech Ltd. (AMEX:SVA) up by 44.6%, Tiens Biotech Group (USA), Inc. (AMEX:TBV) up by 37.3%, Tianyin Pharmaceutical Co, Inc. (AMEX:TPI) up by 21.4% in the last week. China announced an order for 7.3M doses of H1N1 flu vaccine from two domestic manufacturers: 3.3M doses from Sinovac and...
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FDA Sets Action Date of April 23, 2010 for Review of Cell Therapeutics (CTIC) Pixantrone NDA
Monday, September 7, 2009 - 10:19am | 223Cell Therapeutics, Inc. (Nasdaq: CTIC) announced that FDA has notified CTI that a Prescription Drug User Fee Act (PDUFA) action date of April 23, 2010 under standard review has been established regarding CTI's NDA for pixantrone as potential treatment for relapsed or refractory aggressive non-...
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Real Estate Recovery
Saturday, September 5, 2009 - 9:28am | 586Exhibit A: Articles/2009/News/Portland/RRPOOR090831.aspx">Portland home sales jumped in July, marking the first year-over-year increase in sales for any month since early 2006. A total of 3,375 new and resale houses and condos closed escrow last month in the Portland metro area. That was up 9.3...
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Meet Optiver, High Frequency Trading Friend in Oil
Friday, September 4, 2009 - 4:05pm | 2342I'd like to introduce you to a friend in the oil market, named Optiver. This is one of countless HAL9000 high frequency firms who simply make a market and "provide liquidity". The New York Times has a nice piece on this little firm, with the cute name. Traders in the Chicago office of Optiver...
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Danaher (DHR) Announces Plans to Accelerate 2009 Restructuring Activities
Wednesday, September 2, 2009 - 9:33am | 45Danaher Corporation (NYSE: DHR) announced its restructuring activities which are now anticipated around $225M-$250M, compared to its previous announcement for $150 to $170. These initiatives are expected to provide annual savings of $220M through the elimination of approximately 3,300 positions and...
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Danaher (DHR) Signs Deal to Acquire Analytical Technologies Division of Midas, Inc (MDS)
Wednesday, September 2, 2009 - 9:32am | 87Danaher Corporation (NYSE: DHR) has signed agreement with MDS Inc. (USA) (PNYSE: MDZ) to acquire the Analytical Technologies division of Midas, Inc.(NYSE: MDS). The deal includes a 50% ownership position in Applied Biosystems/MDS Sciex joint venture, a mass spectrometry business, and a 100%...
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Flow International (FLOW) Announces Public Offering Price of its Common Shares
Wednesday, September 2, 2009 - 6:33am | 36Flow International Corporation (Nasdaq : FLOW), announced the pricing of its public offering of 7,825,000 of its common shares at $2.10 per share. Gross proceeds from the offering are expected to be approximately $16.4M.